Jake Thompson
HELOC or Cash Out Refi
*DISCLAIMER*I know this question has been asked here before but I feel like it is one that is specific to each person. I did look through other answers as well to get an idea of what people were suggesting on the subj...
Zoe Mercier
Advice on REI entry strategy
We have 1 rental property that we bought via traditional mortgage and although we got a good deal, we used savings for the 20% down and closing. Our goal is to acquire several more rentals and since we don't have tons...
Mike Jornlin
BRRR Refinance Question
Rookie investor here looking to start by BRRR investing in a buy and hold vacation rental. I have been doing a lot of due diligence on a vacation rental property with ownership financial distress (the house itself is ...
Sam Morgan
What can you use the home loan for, besides purchase ?
Say the home you purchase is less than the amount you receive from the bank. Can you use the remaining funds for renovations?
Andrew Namkoong
Depreciation Basis for BRRRR property
Hi everyone,I am trying to figure out what the depreciation basis will be for the property that I will be closing in two weeks.I am buying a property with full cash, doing some minor exterior rehabs (place is already ...
Christopher Salerno
What would you do if you had the cash?
Question:Say, hypothetically, that you were starting from scratch and had $400k or $500k and wanted to start buying single family rental properties. Would you deploy the BRRR strategy? And how/when (if at all) would y...
Rex O. Casey
Cash-Out Refinance to finance an investment property
I have accumulated some equity in a rental property and I am interested in a cash-out refinance to purchase a new investment property. What are the advantages and disadvantages of a cash-out refinance.
Thomas Williamson
Has anyone used this strategy before?
Do you get taxed on the money you get from a cash out refi?I think I know the answer to this, which is no you don't get taxed on the money you get after conducting a cash out refi. But I would like to make sure.The r...
Adam Beckstetdt
Initial goals
I initially set my goals and honestly I think I am selling myself short. These were my initial goals.This year - $1k/month in cash flow2nd year - $3k/month in cash flow3rd year - $7k/month in cash flowI am starting w...
Charlotte Dunford
Preferred rate of return question?
If you were to pay your investors $8,000 in preferred rate of return of 8% on their $100k capital investment, the second year the capital account amount would be brought down to $92,000 right? The second's preferred r...